Sweat Equity

Laundry Room

Kevin and Nicole Murphy had plans to remain in their condo for a few more years...but they saw a lot of potential in an imperfect flip project in a great neighborhood. Originally built in the early 60s, this home was almost finished when the seller ran out of money. The Murphy's stumbled across it and were able to get a good deal in purchasing it from the bank. It's got a few quirks, but one of their problem spaces can be addressed by turning an oddly placed bedroom into a mud & laundry room. Kevin and Nicole are looking to put $10,000 towards making this a usable space instead of an empty room. They would love to tackle their unfinished basement but they don't have the funds to take on such a large project right now. Will adding a mudroom to their home add any value or are they better off saving that money to put towards finishing their basement in the future?